Job intends to determine the sector’s performance and draw in investment
The UAE’s Ministry of Market and Advanced Technology (MoIAT) released an industrial census task on Monday in cooperation with the Federal Competitiveness and Statistics Centre (FCSC), the Market Growth Council, and also local stats centres. The job intends to create a comprehensive database of all establishments that practice industrial tasks according to the International Standard Industrial Category of All Economic Activities (ISIC4– Area C), including those running in free areas, whether their licences are industrial or non-industrial.
The job was announced at a press conference arranged by the MoIAT in Abu Dhabi. As part of the task, the ministry will certainly supply commercial business as well as facilities with a trustworthy and also adaptable device to take part in the demographics and submit their details.
The project will certainly assist produce new financial investment possibilities for producers, capitalists, and also proprietors of commercial business, along with aid choice manufacturers track, examine and improve the competitiveness of the industrial industry and also notify associated future policies as well as decisions that make the market versatile.
The project is in line with the national approach for industry and also progressed modern technology, Operation 300 billion, which intends to aid produce an organization setting that attracts neighborhood and global investments in the commercial sector and enhance the growth and also competitiveness of national sectors.
Dr Sultan bin Ahmed Al Jaber, Preacher of Sector and Advanced Modern Technology as well as Chairman of the Market Advancement Council, said: “The project is in line with instructions of our management to create the commercial sector in the UAE as well as improve its contribution to national GDP. To accomplish the goals of the nationwide strategy for industry as well as advanced technology, MoIAT, in partnership with FCSC, local authorities, as well as freezones, plays a crucial duty in producing an allowing legal structure that supports the commercial market and also helps to draw in regional as well as international financial investments.”
” As exact data plays an important role in increasing the country’s international competitiveness, the industrial census project is a key action in creating a centralised nationwide data source for the commercial market. The job sustains initiatives to develop a knowledge-based economic situation that advertises innovation, r & d (R&D), and future growth possibilities. It will also contribute to the fostering of circular economy principles, aid integrate producers as well as suppliers in the nationwide economy environment and advertise the growth of regional supply chains.”
Omar Al Suwaidi, Undersecretary of the Ministry of Market as well as Advanced Innovation, said: “As part of the project, we created an online form jointly with FCSC and will certainly share it with industrial firms, consisting of those in free areas, to complete within 60 days. The on the internet kind will inquire concerning their organizations, such as permits, shareholders, some financial figures, R&D costs, number of employees, and the amount and also value of inputs in commercial manufacturing.”
Last Updated: 30 January 2023
